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If a taxpayer receives a Form 1 0 9 9 - K reporting income from a hobby, how will that be reported on the tax
If a taxpayer receives a Form K reporting income from a hobby, how will that be reported on the tax return? The Form K will be entered on the Merchant Payment input screen and the income directed to:
Schedule line j
Schedule line z
Schedule C subject to CE tax.
Nowhere on the return. Hobby income is not taxable.
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